Many lending companies have begun to offer a variety of financing options for people in the midst of lawsuits, since the settlement negotiation process can take months and even years to resolve. One form of financial assistance offered by these companies is colloquially known as “selling your lawsuit.” The best option, however, is pre-settlement legal funding from an established, trusted lender like Tribeca Lawsuit Loans. Unlike traditional loans, you borrow forward from your eventual lawsuit settlement at no risk to you.
Pre-settlement legal funding is a way to get money now, when you need it, while waiting for your lawsuit to finally resolve. The repayment amount comes directly out of your compensation package. As a form of non-recourse debt, pre-settlement legal funding comes at no risk to you. There are no monthly fees, you are not held personally liable, and you don’t have to pay back the funding if you lose your lawsuit.
You can use your pre-settlement legal funding to pay for any necessary expenses that crop up while you wait for your case to settle or go through the litigation process. That includes items like:
- Rent and mortgage payments
- Medical bills
- The cost of repairing damaged property
- Replacing lost wages
- Food, gas, and other daily expenses
If you are in the midst of a lawsuit that seems to be taking a long time to resolve, pre-settlement legal funding (or “selling” a portion of your eventual compensation package to a lender for cash now) might be the answer to your monetary woes. Fill out the application on Tribeca Lawsuit Loans’ Apply Now page to start the funding process. If you have any questions or would like more information about legal funding options, get in touch with us by calling our office at (866) 388-2288.
Eligibility for Pre-Settlement Legal Funding
Tribeca Lawsuit Loans has a few requirements for pre-settlement legal funding qualification. However, a good general rule is that most cases that involve harm due to the actions or negligence of another individual or group will qualify for pre-settlement legal funding. Below are a few of our other eligibility criteria. While these may seem stringent in some cases, remember that Tribeca Lawsuit Loans has a 94% case acceptance rate. Plus, it is FREE to apply for funding. If you think you might be eligible, go ahead and fill out the application online.
You must be represented by an attorney or law firm to qualify for pre-settlement legal funding from Tribeca Lawsuit Loans. In part, this is to keep the repayment process simple and stress-free for you. We work directly with your attorney at the conclusion of your case when it comes time for repayment. Once they receive a check for the compensation amount, they will write us a check for your repayment. This way, you never have to worry about missing payments.
Additionally, it is a good idea for you to be represented by a lawyer anyway. Studies from organizations like the Insurance Research Council have shown that having an attorney makes you far more likely to get the compensation you deserve. People represented by lawyers in lawsuits get, on average, up to four times as much compensation as their non-represented counterparts.
Civil lawsuits that revolve around legal damages are usually eligible for pre-settlement legal funding. “Damages” does not have to mean merely physical injuries. It can also refer to emotional distress, loss of income, and a host of other issues. Some of the case types of former clients for whom Tribeca Lawsuit Loans has provided pre-settlement legal funding include:
- Personal injury claims (such as car accident cases)
- Product liability cases
- Whistleblower Act violations
- Employment or Labor Law claims
- Medical malpractice lawsuits
- Jones Act cases
Why “Selling” Your Lawsuit Is Better than a Typical Loan
There are many reasons that pre-settlement legal funding is a better, safer choice than a typical loan. For starters, pre-settlement legal funding is considered non-recourse debt, which means the lender (Tribeca Lawsuit Loans) is strictly limited in the way they can pursue repayment. You are not held personally liable for this type of debt, so your personal finances are kept safe.
With non-recourse debt, you don’t have to worry about things like:
- Having your wages garnished
- Being pursued for repayment for years
Instead, Tribeca Lawsuit Loans simply takes its repayment as a portion of your eventual legal settlement or jury award. If you do not win your lawsuit, you don’t have to pay back the funding! Thus, we take on all the risk so that you don’t have to.
Less Invasive Qualification Process
Another way that pre-settlement legal funding is better than a traditional loan is that the qualification process is less invasive. Since we are repaid from your settlement rather than your personal finances, we don’t have to look into your bank account. We also do not require a credit check. Instead, your eligibility for pre-settlement legal funding and the amount you receive will be determined after we review details such as:
- The expected length of your case
- Your expected compensation package
Apply to Sell a Portion of Your Compensation Today for FREE
If you are in the middle of the (often lengthy) litigation process, you can experience monetary relief by selling a portion of your eventual settlement or jury award to Tribeca Lawsuit Loans. As pre-settlement legal funding, you can get the money you need today, up to $1,000,000, in your bank account in as little as 24 hours after approval.
Take the sting out of the other side’s pressure tactics by borrowing from your future self today. To get started, simply fill out the form on Tribeca Lawsuit Loans’ Apply Now page for FREE. If you have any questions or concerns about the process, call our office at (866) 388-2288 to speak with a representative. We look forward to helping you seek justice.